News

Nordic Capital has sold its holding in Thule Group AB (publ)

April 28 2016

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR
INDIRECTLY, IN OR INTO THE UNITED STATES, AUSTRALIA, CANADA, JAPAN
OR SOUTH AFRICA OR IN ANY JURISDICTION IN WHICH SUCH RELEASE,
PUBLICATION OR DISTRIBUTION WOULD BE UNLAWFUL. PLEASE SEE THE
IMPORTANT NOTICE AT THE END OF THIS ANNOUNCEMENT.

Nordic Capital Fund
VII1)("Nordic Capital") has
sold its entire remaining holding of 10,608,828 shares in Thule
Group AB (publ) ("Thule Group"), representing approximately 10.5
percent of the total number of shares in Thule Group in an
accelerated book-building process at a price of SEK 111 per share
(the "Placing"). The demand from investors was very
high.

After the Placing, Nordic Capital does not own any shares
in Thule Group.

Goldman Sachs International and Nordea acted as Joint
Bookrunners in connection with the Placing.

This announcement is for information only and does not
constitute an offer or invitation to underwrite, subscribe for or
otherwise acquire or dispose of any securities or investment advice
in any jurisdiction in which such an offer or solicitation is
unlawful, including without limitation, the United States,
Australia, Canada, Japan or South Africa. Any failure to comply
with these restrictions may constitute a violation of the
securities laws of such jurisdictions.

This announcement and the information contained herein, is not
an offer of securities for sale in, and is not for transmission to
or publication, distribution or release, directly or indirectly, in
the United States of America (including its territories and
possessions, any state of the United States of America and the
District of Columbia) (the "United States"). The securities being
offered have not been and will not be registered under the US
Securities Act of 1933, as amended (the "Securities Act"), or under
any applicable securities laws of any state or other jurisdiction
of the United States and may not be offered, sold, resold,
transferred or delivered, directly or indirectly, in the United
States unless registered under the Securities Act or pursuant to an
exemption from, or in a transaction not subject to, such
registration requirements and in accordance with any applicable
securities laws of any state or other jurisdiction of the United
States. No public offering of the securities discussed herein is
being made in the United States.

This announcement is directed only at: (A) persons in member
states of the European Economic Area (the "EEA") who are "qualified
investors" within the meaning of Article 2(1)(e) of the EU
Prospectus Directive (Directive 2003/71/EC (and amendments thereto,
including Directive 2010/73/EU, to the extent implemented in the
relevant member state of the EEA) and includes any relevant
implementing measure in each relevant member state of the EEA) (the
"Qualified Investors"); (B) in the United Kingdom, Qualified
Investors who are persons who (i) have professional experience in
matters relating to investments and who fall within the definition
of "investment professionals" in Article 19(5) of the Financial
Services and Markets Act 2000 (Financial Promotion) Order 2005 (as
amended) (the "Order"); or (ii) who are high net worth entities
falling within Article 49 of the Order; or (iii) are persons to
whom it may otherwise be lawfully communicated; and (C) other
persons to whom it may otherwise lawfully be communicated, (all
such persons together being referred to as "Relevant Persons"). If
you are not a Relevant Person, you will not be eligible to
participate in the offering, and you should not act upon, or rely
on, this announcement.

1) Nordic Capital VII Limited,
acting in its capacity as General Partner of Nordic Capital VII
Alpha, L.P. and Nordic Capital VII Beta, L.P., together with any
associated co-investment ve